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Tag Archives: Taxes

A version of this article appeared in the print edition of The Daily Star on December 06, 2017, on page 4. Every national government sustains itself by raising money domestically, through taxes, and by ... read more

Lebanon has been recording a fiscal deficit for more than 9 years, reaching a maximum of $4.22B in 2013. The deficit narrowed by 27.18% in 2014, then deteriorated again in 2015. The slowdown in economic ... read more

Fiscal deficit for H1 of 2015 showed a 33.29% year-on-year (y-o-y) expansion to $1.78B compared to the $1.34B deficit recorded H1 of last year. This was partially attributed to the 16.60% yearly decrease ... read more

With the Greek referendum catching the spotlights this week, what was the opinion of Mr. Marwan Mikhael, Head of research department at BLOMINVEST Bank, regarding Greece voting “No” to the ... read more

Fiscal deficit for the first 3 months of 2015 showed a 14.95% year-on-year (y-o-y) contraction to $506.29M, on the back of 4.19% higher revenues and 4.35% lower expenditures, over the same period. In ... read more

According to the Ministry of Finance, Lebanon’s fiscal deficit narrowed by 17.71% year-on-year (y-o-y), descending to $1.58B in the first half (H1) of 2014. The first key driver of this descent is ... read more

According to the Ministry of Finance, Lebanon’s fiscal deficit widened by 7.33% year-on-year (y-o-y) to reach $840.01M in the first quarter (Q1) of 2014. This came as a result of 8.58% y-o-y growth in ... read more